Quarterly report pursuant to Section 13 or 15(d)

Equity and Earnings Per Common Share (Tables)

v3.22.2.2
Equity and Earnings Per Common Share (Tables)
9 Months Ended
Sep. 30, 2022
Equity and Earnings Per Common Share  
Schedule of weighted average shares outstanding

Three Months Ended

Nine Months Ended

September 30,

September 30,

(in thousands)

    

2021

    

2022

    

2021

    

2022

Basic weighted average number of shares outstanding

477,442

478,460

477,196

478,144

Add: Dilutive effect of RSUs

1,093

769

1,113

1,003

Add: Dilutive effect of PSUs

200

232

106

Add: Dilutive effect of Series A Preferred Stock

960

1,089

960

1,089

Diluted weighted average number of shares outstanding

479,695

480,318

479,501

480,342

Weighted average number of outstanding equity awards excluded from calculation of diluted earnings per common share (1):

RSUs

235

2,685

283

1,662

PSUs

880

545

(1)

The potential dilutive effects of these awards were excluded from the computation of earnings (loss) per common shares—assuming dilution because the inclusion of these awards would have been anti-dilutive.

Schedule of earnings per common share

Three Months Ended

Nine Months Ended

September 30,

September 30,

(in thousands, except per share amounts)

    

2021

    

2022

    

2021

    

2022

Net income

$

89,327

84,014

252,991

243,449

Less preferred stock dividends

(138)

(138)

(413)

(413)

Net income available to common shareholders

$

89,189

83,876

252,578

243,036

Net income per share–basic

$

0.19

0.18

0.53

0.51

Net income per share–diluted

$

0.19

0.17

0.53

0.51

Weighted average common shares outstanding–basic

477,442

478,460

477,196

478,144

Weighted average common shares outstanding–diluted

479,695

480,318

479,501

480,342